MARCH 2019

We are just a few days past from last day of March, so it is once again time for another look at the market and evaluate what’s happened last month.  Calgary currently has 6595 listings on the market, and at the buyers are buying it will take five months to sell what currently is listed.  In Okotoks, there are 244 active listings on the market, and there at the rate buyers are buying it will take just over five months to sell what currently is listed.  Both Calgary and Okotoks have seen signifcant drop in price of homes, with year over year benchmark being 5.4% lower than last year at this time in Calgary and 6.7% lower than last year in Okotoks.

This of course is not great news for sellers but offers great opportunities for buyers.  For more information about your specific neighbourhood please connect with Andrea directly.